This release covers Quarterly National Accounts data (ESA 2010) from the Statistical Office of the Slovak Republic. The macroeconomic statistics provide a thorough classification of GDP, Gross Output, and Intermediate Consumption by expenditure components. Employment and Value Added are by branches of activity and follow NACE Rev. 2. Generation and Use of Income and Final Consumption by COICOP cover the household sector. Most data is available in constant and current prices.

Gross domestic product in market prices is a final result of the production activity of resident producer units created during the current period. Regional GDP is calculated as the sum of values added by industries for each single region, and taxes on products less subsidies on products as a share GVA by region. For international comparison, the Regional Gross domestic product is expressed in purchasing power. Calculation of Purchasing Power Parity (Purchasing Power Standard) is based on prices and sales volumes of goods that are comparable and representative for the countries, which are included in comparison. Purchasing Power Parity eliminates effects of different price levels between countries.

Regional Gross domestic product per capita is a share of two indicators based on different principles - Regional Gross domestic product (in which the criteria by the place of work is considered) and the average number of people residing permanently in the region (based on the principle of residence).

Gross value added at basic prices is calculated as the difference between output at basic prices and intermediate consumption at purchasers' prices. Output consists from products manufactured during the current financial year and intermediate consumption consists of the value of goods and services consumed in the production process as inputs, excluding fixed assets whose consumption is expressed as consumption of fixed capital. The compilation process of Regional Gross value added consists of several steps. Basic approach is based on individual calculation of Gross value added by industry (section NACE Rev.2.) in the single region (NUTS 3). In process of calculation the approach for regionalization is used "bottom - up" and so- called "combined approach ".

Gross fixed capital formation includes the acquisition of fixed assets les s disposals (sales) of fixed assets by producers - residents during a given period. Included are also increases of the value of certain non-produced assets realized by production activity of institutional units. Fixed assets are tangible as well as intangible assets that have been produced as output in manufacturing process and will be used in other production processes repeatedly or continuously for more than one year. Regional Gross capital formation is constructed as the sum of Gross capital formation by industry in the region. Similarly as in case of GVA the approach for regionalization is used "bottom - up" and so- called "combined approach ".

Balance of primary income - net - primary income is characterizing an ability of resident households generate income either as unincorporated enterprises, employees or recipients of property income in the region where households reside or in other regions of the country or outside the country.

Net Disposable income – net disposable income is characterizing the outcome of major transactions relating to the household sector (production activities, distribution and redistribution of income and other transactions) between single regions.

Source releases data in two waves, where the following tables are updated first: nu0002qs, nu0004qs, nu2051qs, nu2052qs, nu2043qs, nu2044qs, nu0006qs, nu2025qs, nu2020qs, nu2022qs, and nu2042qs. The roughly 8 days later the remainig tables are updated: nu2002qs, nu2008qs, and nu2010q.

This release recently went through an ESA 2010 change. The source says

"Methodical annotations - Quarterly accounts

Revision of Quarterly National Accounts for time series 1.Quarter 1997 - 2.Quarter 2015

Revision of Quarterly National Accounts carried out in 2015 is based on the revision of Annual National Accounts for years 1997-2013 and preliminary data for the year 2014. Data since year 2015 are quarterly estimates.

Within the regular revision of quarterly national accounts, the Statistical Office of the Slovak Republic carried out a revision of data, which reflect methodological and specifying adjustments, as set out in the methodological notes on the revision of annual national accounts (see Methodological notes - the annual accounts)."

3/28/2018

As of 2018, the source only reports a single GDP without specification of approach. For consistency, Moody's Analytics sets the different approach time series equal to this figure.

The data are preliminary when first released. The data become final after the annual national accounts and Supply and Use Tables are closed, three years after the end of the reference year.